Shares of Macy’s, Inc. (NYSE:M – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.27 and traded as high as $23.91. Macy’s shares last traded at $23.43, with a volume of 5,095,250 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Weiss Ratings lowered Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Zacks Research raised Macy’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup increased their target price on Macy’s from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Finally, Wall Street Zen downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.70.
Macy’s Stock Down 1.7%
Macy’s (NYSE:M – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Sell-side analysts predict that Macy’s, Inc. will post 2.19 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president owned 25,373 shares in the company, valued at approximately $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total value of $408,668.91. Following the completion of the sale, the executive vice president directly owned 20,000 shares of the company’s stock, valued at $497,800. The trade was a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is owned by company insiders.
Institutional Trading of Macy’s
Several institutional investors and hedge funds have recently made changes to their positions in M. Versant Capital Management Inc boosted its holdings in Macy’s by 11.2% during the second quarter. Versant Capital Management Inc now owns 4,783 shares of the company’s stock worth $113,000 after purchasing an additional 483 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock worth $41,000 after purchasing an additional 486 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Macy’s by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock valued at $34,000 after buying an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Macy’s by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,665 shares of the company’s stock worth $228,000 after buying an additional 664 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Macy’s by 8.2% in the 4th quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock worth $203,000 after buying an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.
About Macy’s
Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.
The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.
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